Upon the successful completion of this course, you will be able to:

1. Recognize the various types of business organizations;
2. Understand the basic principles of substantive law which govern the formation and operation of each type of business organization;
3. Recognize and use the documents commonly used to form business organizations;
4. Understand the relative advantages and disadvantages of each type of business organization in terms of organizational and operational costs, tax consequences, asset and income distribution, and liability;
5. Assist a lawyer in forming and advising business organizations;

Major Topics to be Included

6. Various types of business organizations: sole proprietorships, general and limited partnerships, corporations, limited liability companies and limited liability partnerships
7. Organizational steps, costs and forms for each type of business organization
8. Overview of the law of agency
9. Acquisition and transfer of assets in each types of business organization
10. Ownership of each type of business organization
11. Management and operation of each type of business organization
12. Legal liability of owners in each type of business organization
13. Tax considerations
14. Mergers, acquisitions and reorganizations